The study, entitled Moving the Needle: Data Management for the Multi-Hybrid Age of IT, collected information to analyze insights and inform business-critical decisions. According to the study, 82% of the 670 senior technology decision-makers recognize that investing in the right data will lead to better business outcomes. However, 73% of respondents said that they have disparate and siloed data strategies that are stopping them from providing business stakeholders with the data they need.
Multi-cloud is defined as the use of multiple cloud computing and storage services in a single network architecture. A multi-cloud environment consists of an all-private cloud, an all-public cloud, or a combination of both. It gives organizations the opportunity to select different cloud services from different providers. So, it enables organizations to combine the best services that each platform offers.
Adoption to multi-hybrid cloud platforms
While 64% of respondents are facing the challenge of managing a multi-hybrid infrastructure, 70% of organizations consider the need to simplify their IT processes as a high priority.
Chung Heng, Senior Vice President, Oracle Systems, JAPAC, and EMEA said,
“Organizations in Asia Pacific are making strong progress in terms of unifying data sources and getting on top of data security and governance requirements. But the study also reveals that their intense focus on these areas may be holding them back from realizing some of the benefits of multi-hybrid cloud they need right now around providing access to unique capabilities and supporting diversification.
In fact, only a third of companies in JAPAC appear focused on this aspect of data management as compared to over two thirds in Europe. They need to make sense of living in a multi hybrid cloud environment as soon as possible, or risk being left behind.”
- 82% want their data strategy to lead to a better understanding of the customer and a better customer experience.
- 73% of organizations report disparate and siloed data strategies that stop them from achieving this goal.
- 36% of the data is still hosted on-premise, 19% is hosted on a public cloud, and 18% on the private-cloud.
- The nature of the data collected by these organizations has considerably changed – with 31% being tabular/structured and the remainder being non-tabular/semi-structured or unstructured data. Of the latter, are 18% text data and the rest evenly distributed across images/video, machine-generated data, streaming data, and others
- The public sector and retail show low data strategy maturity: 34% of the public sector and healthcare organizations have an incomplete data strategy.
The research also indicates that concerns and focus on data security and data governance are limiting businesses from gaining key benefits. According to the study, the need for diversification and access to unique capabilities or specific technology drives the adoption of multi-cloud data hosting.
On the other hand, when we look the data security management, although 83% of organizations believe that data security requirements are of high or critical priority, half of the respondents talk about the lack of the ability to ensure data protection and comply with security regulations.